TIDMIQG

RNS Number : 4127I

IQGeo Group PLC

04 August 2023

IQGeo Group plc

(the "Company" or the "Group")

Director/PDMR Shareholding

IQGeo Group plc (AIM: IQG), a leading developer of geospatial productivity and collaboration software for telecoms and utility network operators, announces that Richard Petti, Chief Executive Officer of the Company has purchased 3,406 Ordinary Shares of 2 pence in the Company ("Ordinary Shares") at an average price of 299 pence per Ordinary Share. Following this transaction, Mr Petti's beneficial interest in the Company is 224,483 Ordinary Shares, representing 0.36 per cent. of the total issued share capital. Mr Petti also holds options over 2,060,000 Ordinary Shares.

In addition, the Company has also been notified today that Kestrel Partners LLP ("Kestrel") has also purchased for, on behalf of its discretionary clients, an aggregate of 41,696 Ordinary Shares at an average price of 296 pence per share. Mr Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in IQGeo.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 11,726,984 Shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest, hold 4,658,704 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 16,385,688 Shares in the Company, which represents 26.62 per cent. of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

 
 Holding      Nominee                      No. of shares   % of issued share 
  type                                                               capital 
              Bank of New York Nominees 
 Indirect      Ltd                            11,726,984              19.06% 
 Indirect     JIM Nominees Limited               355,203               0.57% 
 Indirect     Bank of New York Nominees        4,069,727               6.61% 
               Ltd 
  Indirect     Northern Trust Company            233,774               0.38% 
                AVFC 
 

Further to the above, Deborah Chapman, the wife of Haywood Chapman, Chief Financial Officer of the Company, has for personal reasons, sold 35,000 ordinary shares at an average price of 290 pence per share. Following the above transaction, Mr Chapman's beneficial interest in the Company is 96,228 Ordinary Shares, representing 0.16 per cent. of the total issued share capital. Mr Chapman also holds options over 850,000 shares.

For further information contact:

IQGeo Group plc +44 1223 606655

Richard Petti

Haywood Chapman

finnCap Ltd +44 20 7220 0500

Henrik Persson, Seamus Fricker (Corporate Finance)

Tim Redfern, Charlotte Sutcliffe (ECM)

Notes to Editors

About IQGeo

Telecommunications and utility operators are "Building better networks" with IQGeo's award-winning software solutions. The ability to powerfully model any network requirement, integrate every system and data source, and support field and office teams with continual innovation is helping operators create the networks of the future. Our solutions ensure greater cross-team collaboration and process efficiency throughout the network lifecycle, from planning and design to construction, operations, and sales.

Whether it's highly competitive fiber and 5G broadband rollouts or complex utility grid modernization projects, IQGeo's enterprise solutions, our OSPInsight fiber design software, and our Comsof automated planning software are proven industry leaders. We partner with large multinationals and smaller regional operators to deliver the digital innovation they need to increase network resilience, operational safety, and business ROI.

Headquartered in Cambridge, with offices in Denver, Ghent, Toronto, Frankfurt and Tokyo, we work with some of the largest network infrastructure operators in the world. For more information visit: www.iqgeo.com/

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them are set out below pursuant to the EU Market Abuse regulation.

 
        Details of the person discharging managerial responsibilities 
  1                      / person closely associated 
 a)   Name                     Richard Petti 
     -----------------------  ----------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------ 
 a)   Position/status          Chief Executive Officer 
     -----------------------  ----------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ----------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------ 
 a)   Name                     IQGEO Group plc 
     -----------------------  ----------------------------------------- 
 b)   LEI                      213800P2PCLCEFANB194 
     -----------------------  ----------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------ 
 a)   Description              2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument       ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     -----------------------  ----------------------------------------- 
 b)   Nature of the             Purchase of Ordinary Shares 
       transaction 
     -----------------------  ----------------------------------------- 
 c)   Price(s) and              Price(s)     Volume(s) 
       volume(s)                 299 pence    3,406 
                                             ---------- 
     -----------------------  ----------------------------------------- 
 d)   Aggregated information   As above in 4(c) 
       - Aggregated 
       volume 
       - Price 
     -----------------------  ----------------------------------------- 
 e)   Date of the              3 August 2023 
       transaction 
     -----------------------  ----------------------------------------- 
 f)   Place of the             London Stock Exchange, AIM Market (XLON) 
       transaction 
     -----------------------  ----------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                     Kestrel Partners LLP 
     -----------------------  ---------------------------------------------- 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------- 
 a)   Position/status          PCA - Max Royde (non-executive director IQGeo 
                                Group plc) 
     -----------------------  ---------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ---------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                     IQGEO Group plc 
     -----------------------  ---------------------------------------------- 
 b)   LEI                      213800P2PCLCEFANB194 
     -----------------------  ---------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------- 
 a)   Description              2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument       ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     -----------------------  ---------------------------------------------- 
 b)   Nature of the            Purchase 
       transaction 
     -----------------------  ---------------------------------------------- 
 c)   Price(s) and              04 August 2023 
       volume(s)                 Price(s)    Volume(s) 
                                            -------------- 
                                 290 pence   17,500 shares 
                                            -------------- 
                                 300 pence   24,196 shares 
                                            -------------- 
     -----------------------  ---------------------------------------------- 
 d)   Aggregated information   Total 41,696 shares @ GBP 296 pence 
       - Aggregated 
       volume 
       - Price 
     -----------------------  ---------------------------------------------- 
 e)   Date of the              04 August 2023 
       transaction 
     -----------------------  ---------------------------------------------- 
 f)   Place of the             London Stock Exchange (XLON) 
       transaction 
     -----------------------  ---------------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                     Deborah Chapman 
     -----------------------  ------------------------------------------- 
      Reason for the notification 
  2 
     -------------------------------------------------------------------- 
 a)   Position/status          Person closely associated (PCA) to Haywood 
                                Chapman, Chief Financial Officer 
     -----------------------  ------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                     IQGEO Group plc 
     -----------------------  ------------------------------------------- 
 b)   LEI                      213800P2PCLCEFANB194 
     -----------------------  ------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     -------------------------------------------------------------------- 
 a)   Description              2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument       ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     -----------------------  ------------------------------------------- 
 b)   Nature of the             Sale of Ordinary Shares 
       transaction 
     -----------------------  ------------------------------------------- 
 c)   Price(s) and              Price(s)     Volume(s) 
       volume(s)                 290 pence    35,000 
                                             ---------- 
     -----------------------  ------------------------------------------- 
 d)   Aggregated information   As above in 4(c) 
       - Aggregated 
       volume 
       - Price 
     -----------------------  ------------------------------------------- 
 e)   Date of the              3 August 2023 
       transaction 
     -----------------------  ------------------------------------------- 
 f)   Place of the             London Stock Exchange, AIM Market (XLON) 
       transaction 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
     -------------------------------------------------------------------- 
 a)   Name                     Richard Petti 
     -----------------------  ------------------------------------------- 
      Reason for the notification 
  2 
     -------------------------------------------------------------------- 
 a)   Position/status          Chief Executive Officer 
     -----------------------  ------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                     IQGEO Group plc 
     -----------------------  ------------------------------------------- 
 b)   LEI                      213800P2PCLCEFANB194 
     -----------------------  ------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     -------------------------------------------------------------------- 
 a)   Description              2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument       ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     -----------------------  ------------------------------------------- 
 b)   Nature of the             Purchase of Ordinary Shares 
       transaction 
     -----------------------  ------------------------------------------- 
 c)   Price(s) and              Price(s)     Volume(s) 
       volume(s)                 299 pence    3,406 
                                             ---------- 
     -----------------------  ------------------------------------------- 
 d)   Aggregated information   As above in 4(c) 
       - Aggregated 
       volume 
       - Price 
     -----------------------  ------------------------------------------- 
 e)   Date of the              3 August 2023 
       transaction 
     -----------------------  ------------------------------------------- 
 f)   Place of the             London Stock Exchange, AIM Market (XLON) 
       transaction 
     -----------------------  ------------------------------------------- 
 

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END

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August 04, 2023 12:00 ET (16:00 GMT)

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